MarketAxess Reports Third Quarter 2026 Financial Results
Business Wire•23/10/2026•06:30 ET
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Key Highlights
- ➤EPS $1.53; $1.86 excluding notable items
- ➤ICE merger would pay $167.00 cash per MarketAxess share
- ➤Total revenues $210.4 million increased 1% year over year
- ➤Portfolio trading ADV increased 37% to $1.9 billion
- ➤Information services revenue increased 10% to $15.2 million
Expert Statements
Chris Concannon, CEO of MarketAxess
“In the third quarter, we continued to execute on our product roadmap across major trading protocols. We launched our enhanced X-Pro RFQ experience to U.S. credit clients, bringing price and spread trading, targeted and direct block workflows and AI-powered dealer selection into a single modern interface. We also delivered the new issue workflow in X-Pro, so clients can access primary and secondary markets side-by-side. Within portfolio trading, we rolled out further enhancements, including CP+ pricing and pre-trade analytics, enabling clients to make faster and more informed decisions. Overall, we continue to make great progress across our strategic priorities and remain committed to delivering innovative solutions that enhance the trading experience for our clients.”
1% Revenue Growth Reflects Strong Information Services Revenue Growth of 10%
21% Increase in Block Trading ADV and 37% Increase in Portfolio Trading ADV with Broad-Based Growth
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